Author Archives: trader-x

EURUSD: FLAT GBPUSD: LONG 1/2 to 3/4 of remaining position on cable. The corrective rally in the Pound that we got you into (near the low) may be running out of steam. If it does NOT rally Tuesday in the … Continue reading →

EURUSD: The Euro is FLAT and stopped out a breakeven on a quick counter-trend long trade, (see reco from March 15th). Daily and 240 minute trends are still heading down. ACTION 1: Consider Long positions if the EURO trades above … Continue reading →

SUMMARY: GBPUSD LONG and up over 200 pips, and we now have a counter-trend buy signal on the EURUSD. Stocks are likely hours away from the next intermediate retracement from this possible top, or at least the top of this … Continue reading →

S&P500: The daily chart for the Standard & Poor's index shows that the US stock market is once again pushing up against its Andrews Median Line Pitchfork resistance. However, this time, the wave count is clear as a text book … Continue reading →

EURUSD: Long-term traders still short the Euro from daily system trade, short and medium-term traders would have exited between 2/3 to the entire positions at 2nd  profit target. ACTION: Expect choppy action over the next 24-48 hours for the EURUSD … Continue reading →

EURUSD: The Euro popped up for a quick rally, almost exactly as mapped out in our chart, but a bit faster than I wrote it would be time wise. It provided 240 minute automated sell signals within the systematic downtrend indicators … Continue reading →

EURUSD: The Euro has formed a small compression pattern. Even though we think the big picture for the currency is for it to more likely to weaken against the USD over the next month or more, for now,  we will … Continue reading →

EURUSD: The Euro could not have acted more perfectly for us. See reports from 02/08/13 and 02/12/13. The Euro appears to be in the final wave 5 decline of this first leg down. After a larger Wave 2 corrective rally, … Continue reading →

EURUSD: The Euro sold off from out systematic trend exhaustion signal. We now expect a counter trend rally as the USD traders take some profits. ACTION: Short term traders can play the long side today; swing traders will be looking … Continue reading →

EURAUD: Euro-Aussie had a trend/counter-trend system sell signal with the purple center trend-line heading lower now, but the CYAN colored trend still heading up. Therefore, the trend is mixed. Expect sideways action or a breakout lower to the 1.2830 to … Continue reading →